Iluzii financiare, Partea întâi (Financial Illusions, Part 1)

37 Pages Posted: 10 Jul 2020

See all articles by Ramona Dumitriu

Ramona Dumitriu

affiliation not provided to SSRN

Razvan Stefanescu

affiliation not provided to SSRN

Date Written: June 17, 2020

Abstract

Romanian Abstract: În fundamentarea deciziilor financiare pot surveni percepţii eronate asupra unor aspecte esenţiale precum riscul sau profitabilitatea. Iluziile asociate deciziilor asupra îndatorării au unele particularităţi, cauzate în special de cunoştinţele financiare precare ale unor debitori. Uneori, aceştia estimează incorect costul creditului şi îşi supraestimează capacitatea de plată. În plus, ei pot ignora riscul valutar sau riscul ratei dobânzii asociate unor împrumuturi.

English Abstract: In the financial decision-making there could occur wrong perceptions over some essential aspects such as risk or profitability. The illusions associated to the indebtedness decisions have some particularities, caused especially by the insufficient financial knowledge of some debtors. Sometimes, they wrongly estimate the credit cost or overestimate their ability to repay the loans. Moreover, they could ignore the currency risk or the interest rate risk associated to some loans.

Note: Downloadable document is in Romanian.

Keywords: Behavioral Finance, Indebtedness Decisions, Market Risks, Credit Risks

JEL Classification: G00, G10, G20, G40

Suggested Citation

Dumitriu, Ramona and Stefanescu, Razvan, Iluzii financiare, Partea întâi (Financial Illusions, Part 1) (June 17, 2020). Available at SSRN: https://ssrn.com/abstract=3629735 or http://dx.doi.org/10.2139/ssrn.3629735

Ramona Dumitriu (Contact Author)

affiliation not provided to SSRN

Razvan Stefanescu

affiliation not provided to SSRN

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
25
Abstract Views
216
PlumX Metrics